HB68 Alabama 2010 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2010
Title
Income tax, employers creating jobs for unemployed persons, tax deduction authorized, Revenue Department to implement, Reemployment Act of 2010
Description
<p class="bill_description"> To encourage businesses to create jobs for
unemployed persons, this bill proposes an income
tax deduction for businesses that hire a person
presently drawing unemployment compensation or
whose unemployment compensation benefits have
expired. Such businesses will receive an income tax
deduction equal to fifty percent (50%) of the
taxable income of each such person hired and
retained as an employee for twelve consecutive
months</p><p class="bill_entitled_an_act"> To provide an incentive for job creation for
unemployed persons by creating an income tax deduction for
businesses that hire certain unemployed persons.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| January 12, 2010 | Read for the first time and referred to the House of Representatives committee on Education Appropriations |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB68 Alabama 2010 Session - Introduced |